The Stars Group acquires majority stake in CrownBet

PokerStars-owner enters Australian sportsbook market with £84m deal for a 62% stake in the bookmaker

The Stars Group has acquired a 62% stake in Australian online bookmaker Crownbet for approximately £84m. The deal sees Stars team up with the CrownBet management team, led by founder and CEO Matthew Tripp, to complete the purchase from parent company Crown Resorts. Such a deal was first announced back in January although the identity of…

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